Employee Benefit Plans (Tables)

12 Months Ended

Jul. 01, 2022

Retirement Benefits [Abstract]

Schedule of Expected Benefit Payments

The following table reflects the total pension benefits expected to be paid from the Plan, which is funded from contributions by participants and the Company.

Fiscal Year	Total
2023	$	1,454
2024	1,539
2025	1,535
2026	1,506
2027	1,324
Thereafter (next 5 years)	8,105
Total	$	15,463

Schedule of Net Benefit Costs

The following table outlines the components of net periodic benefit cost of the Plan for the fiscal years ended July 1, 2022 and July 2, 2021:

	Fiscal Years Ended
	July 1, 2022		July 2, 2021
Service cost	$	1,405	$	1,708
Interest cost	83		92
Expected return on assets	(272)		(277)
Amortization of prior service cost	(190)		(64)
Amortization net of loss	5		185
Settlement loss recognized	—		318
Net periodic benefit cost	$	1,031	$	1,962

Schedule of Assumptions Used

The following table reflects the related actuarial assumptions used to determine net periodic benefit cost of the Plan for the fiscal years ended July 1, 2022 and July 2, 2021:

	Fiscal Years Ended
	July 1, 2022		July 2, 2021
Discount rate	1.70	%	0.30	%
Expected rate of return on Plan assets	1.70	%	1.50	%
Expected inflation	1.00	%	1.00	%
Rate of compensation increases	1.50	%	1.50	%

Schedule of Changes in Projected Benefit Obligations

The following table presents the change in projected benefit obligation for the periods presented:

	Fiscal Years Ended
	July 1, 2022		July 2, 2021
Projected benefit obligation, beginning	$	28,614	$	29,955
Service cost	1,405		1,708
Interest cost	83		92
Employee contributions	2,606		2,145
Actuarial (gain) loss	(4,720)		(1,345)
Benefits paid	(1,444)		(256)
Plan amendment	—		(1,247)
Settlements	—		(3,129)
Foreign exchange (loss) gain	(1,035)		691
Projected benefit obligation at end of year	$	25,509	$	28,614

Schedule of Changes in Fair Value of Plan Assets

The following table presents the change in Plan assets for the periods presented:

	Fiscal Years Ended
	July 1, 2022		July 2, 2021
Fair value of Plan assets, beginning	$	18,807	$	18,078
Actual return on Plan assets	514		474
Company contributions	1,056		1,080
Employee contributions	2,606		2,145
Benefits paid	(1,444)		(256)
Settlements	—		(3,129)
Foreign exchange (loss) gain	(690)		415
Fair value of Plan assets at end of year	$	20,849	$	18,807

Schedule of Net Funded Status

The following table presents the Company's reconciliation of funded status for the period presented:

	As of
	July 1, 2022		July 2, 2021
Projected benefit obligation at end of year	$	25,509	$	28,614
Fair value of plan assets at end of year	20,849		18,807
Funded status	$	(4,660)	$	(9,807)